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Market dynamics on December 27: BTC and altcoins significantly fell, erasing the gains of December. The market expects a 38 basis point rate cut next year
Bitget2024/12/27 02:30
I. Market Dynamics
1. BTC has plummeted, with altcoins generally falling and losing their gains from December.
2. U.S stocks are fluctuating. The current currency market predicts a 38 basis point rate cut next year, implying a 50% chance of the Federal Reserve making a second 25 basis point rate cut next year.
II. Market Focus
1. Platform coins BGB and FTT have surged significantly. BGB merged with wallet BWB, entering the top 20 in market value. FTX's compensation will be in January but historically, after platform coins surge, there is a high possibility of subsequent sharp declines in the broader market.
2. On-chain MEME coin MIRA has soared as it received endorsements from BIO and AI16Z . ETH chain hippo also surged as Thai Hippo was adopted by V God (Vitalik Buterin). MEME's WOULD has increased by 100 times over the past two months which Elon Musk mentioned earlier.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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